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AKS Admitts Oweing Commercial Banks N64.5bn

AKS Admitts Oweing Commercial Banks N64.5bn

The Commissioner of Finance, Mr. Akan Okon, who disclosed this in Uyo, on Tuesday, spoke on the desirability of converting the state’s debt to Federal Government bonds. The disclosure by the government came on the heels of criticisms by civil rights groups and the All Progressives Congress, which asked Governor Udom Emmanuel to make public […]

Loan Defaulters Sell Properties To Pay Down Debts In Nigeria

Since last week when the list of Nigeria banks loan defaulters hit the media, the chronic / toxic bank debtors have been running helter skelter to clear their names, since it is not business as usual, a source closed to one of the defaulters “Cabal” claimed it hits them by suprise , they did not […]

List Of Ecobank Nigeria Plc Toxic Debtors

Ecobank Nigeria, which has 73 names on its list, is being owed a total sum of N5.4bn by the delinquent debtors. Plasto Crown Nigeria Limited, a firm belonging to a former Minister of Environment and Housing, Lady Helen Esuene, and other people, is said to owe Ecobank N11.1m.

List Of First City Monument Bank Limited Toxic Debtors

List Of  First City Monument Bank Limited Toxic Debtors

The lists have the names of popular companies, whose directors are prominent Nigerians appearing among the high non-performing loan defaulters.In total, the 86 names on the list owe FCMB a combined sum of N17.1bn. MRS Oil & Gas, a major player in the downstream sector of the oil and gas industry, topped FCMB’s list of […]

List Of Diamond Bank Plc Toxic Debtors

Diamond Bank Plc has N47.17bn as its total NPLs, with companies belonging to prominent Nigerians owing sizeable amounts. Sir Emeka Offor’s Global ScanSystem Limited, owes N181m; Mrs. Abike Dabiri-Erewa’s Thriller Eneavours ( Not linked to the former Chairman, House of Representatives Committee on the Diaspora, ),owes N122m; Solomon Ogba’s Delta Mega Trend Limited ( A […]

List Of Unity Bank Nigeria Plc Chronic Debtors

List Of Unity Bank Nigeria Plc Chronic Debtors

Unity Bank released a list of 260 names of delinquent debtors with a combined non-performing loans of N45.52bn. Unity Bank’s list includes prominent Nigerians; Umar Mutallab’s DeanShanger Project Limited, N3.6bn; Senator Ayodele Arise and a former Minister of State for Works, Mr. Dayo Adeyeye’s International Payment Devices Limited, N81.9m; and Prince Adeyanju Olateru-Olagbegi’s Cupid Investment […]

List Of Fidelity Bank Nigeria Plc Chronic Debtors

List Of Fidelity Bank Nigeria Plc Chronic Debtors

Fidelity released a list of 28 customers with “delinquent” loans. Fidelity Bank’s debtors include; Starcomms Limited ( The telephone firm ), owes N3.08 billion cumulatively in the three accounts it runs with the lender under the same name and directors. The first account, which got in 2009 an overdraft which expired in 2014, is owing […]

List Of Union Bank Of Nigeria Plc Bad Debtors

List Of Union Bank Of Nigeria Plc Bad Debtors

Union Bank is owed huge sums by 176 debtors. Six customers collectively owe the bank N27.91 billion. They are; Dec Oil & Gas, owing N15.7 billion following a 1999 contract finance loan that expired in 2000. The directors of the company are Patrick Ugboma and Pius U. Malaka. Alliance Energy, which is owing the bank […]

List Of Access Bank Nigeria PLC Toxic Debtors

Deposit money banks started publishing the names of their chronic debtors and directors in line with a bankers’ committee agreement on Monday. Access Bank put its total indebtedness at N3.715 billion. The Central Bank of Nigeria (CBN) and banks had resolved to publish the identities of all serial debtors to the financial industry from August […]

List Of First Bank Of Nigeria PLC Toxic Debtors

List Of First Bank Of Nigeria PLC Toxic Debtors

First Bank published 92 names of delinquent debtors, with N43.72bn as the total amount of non-performing loans. 92 chronic debtors owed First Bank a total of N45 billion Top on First Bank Nigeria’s list; Shield Petroluem Limited with N6.9 billion. Ajaokuta Steel Company Limited with N6.1 billion, Starcomms with N5.5 billion, C & M Limited with […]

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